Thai protesters aim to hound PM from office

Thai anti-government protesters hold placards during a rally at the Election Commission headquarters in Bangkok on December 17, 2013.

Anti-government demonstrators in Thailand said they will step up their protests in an attempt to force Prime Minister Yingluck Shinawatra from office and push through electoral reforms before a general election is held.

The number of protesters camped on the street in the capital has dwindled to around 2,000 over the past week but their leader, former deputy premier Suthep Thaugsuban, called for marches along main roads in central Bangkok on Thursday and Friday, followed by a big rally on Sunday.

"We will chase Yingluck out this Sunday after she made it clear she will not step down as caretaker prime minister," he said late on Tuesday.

Suthep massed 160,000 protesters around Yingluck's office on Dec. 9, when she called a snap election for Feb. 2 to try to defuse the crisis. Yingluck remains caretaker prime minister.

Impact of protests on Thailand's economy: Pro

Mayuree Chowvikran investment strategist at Maybank KimEng Securities (Thailand), says that she thinks the impact of protests on Thailand's economy will be limited.

He has sought the backing of the influential military but has so far been rebuffed. Thailand's military - a frequent actor in Thai politics - ousted Yingluck's brother, the self-exiled Thaksin Shinawatra, when he was premier in 2006.

"We will walk until the number of people who come out to join us outnumber those who elected Yingluck. We will march until the military and civil servants finally join us," Suthep told reporters.

Thailand's eight-year political conflict centers on Thaksin, a former telecommunications tycoon popular among the rural poor because of cheap healthcare and other policies brought in while he was in power.

Yingluck won a landslide victory in 2011 and her Puea Thai Party is well placed to win again because of Thaksin's bedrock support in the populous, rural north and northeast.

Ranged against him are a royalist establishment that feels threatened by Thaksin's rise and - in the past, at least - the army. Some academics see him as a corrupt rights abuser, while the middle class resent what they see as their taxes being spent on wasteful populist policies that amount to vote-buying.

Thaksin chose to live in exile after fleeing in 2008 just before being sentenced to jail for abuse of power in a trial that he says was politically motivated.

Can elections ease Thai tensions?

Roberto Herrera-Lim, Managing Director of Teneo Holdings, says the Thai government must think of elections as the only way to diffuse the tensions in the country.

Democrats at odds

Even if the election takes place on Feb. 2, its legitimacy could be undermined if the main opposition Democrat Party decides not to take part.

At a two-day conference that ended on Tuesday, it reappointed former premier Abhisit Vejjajiva as its leader. However, its members could not agree whether to run in the election or back the street protesters.

Democrat lawmakers resigned from parliament this month to march with Suthep, who was a deputy prime minister in Abhisit's government until 2011.

Some agree with his call for reforms to be implemented before another election is held, but others believe their party, Thailand's oldest, should respect the democratic process and run for office. A decision is expected on Saturday.

Suthep's program remains vague and it is unclear how long it would take his proposed "people's council" to implement any reforms.

He wants to wipe out vote-buying and electoral fraud and has also promised "forceful laws to eradicate corruption", decentralization, the end of "superficial populist policies that enable corruption", and the reform of "certain state agencies such as the police force".